Libya: Prime Minister, Central Bank Governor Align on Liquidity, Forex Controls, Price Stability Measures

Prime Minister Abdulhamid Dbeibah has met with Central Bank of Libya (CBL) Governor Naje Issa to address what officials described as priority economic and financial concerns, with a focus on liquidity, foreign exchange regulation and price stability. In a statement posted on the government’s official platform, on February 16, talks centred on improving cash availability […]

Libya: Tension in Zintan region after officer’s kidnapping

In Libya, oil infrastructure is once again being used as leverage to pressure the Tripoli Government. On Tuesday, residents of Zintan shut down the oil valves in protest over the kidnapping last Wednesday of Brigadier General Mustafa al-Whayshi, the director of the Central Security Department within the intelligence service. His kidnappers have not yet come […]

World Bank highlights resilience of Morocco’s financial sector to drought

Despite consecutive dry years, Morocco’s banking sector has shown resilience and stability, the World Bank said. “Stress tests in Colombia, Morocco, and Mexico indicate that overall physical risks such as droughts and floods as well as transition risks are relatively benign for the financial system as a whole,” the World Bank said in its “Finance […]